ABN Amro Private Banking in Amsterdam is set to offer funds of
funds to its discretionary and advisory client base. Depending
on a client's profile, private bankers at the Dutch bank will
be allowed to recommend that 5% to 15% of a client's portfolio
can be invested in hedge funds.
The move could see the fund of funds asset flow stalemate
reverse, as Marc de Kloe, senior specialist in alternative
investments, predicts more than $500 million could flow in from
its clients in the next 12 to 18...